Links 19 June 2013

Global Macro/Markets:

• 7 Important Examples of How Markets Can Fail – The Fiscal Times; Economist’s view
• Fed likely to signal tapering move – Financial Times

North America:

• Obama Says Bernanke Fed Term Lasting ‘Longer Than He Wanted’ – Bloomberg
• The Return of the 10 Percent Down Payment – zillowblog.com
• The Three Reasons Canada Is In Big Trouble – Business Insider
• California home prices soar to new highs – HousingWire

Europe:

• Opening remarks at the session Rethinking the Limitations of Monetary Policy – European Union
• How the Revival of Postwar Germany Began – New York Times
• Mr. King Bows Out with Inflation Over Target – Wall Street Journal
• The Size of the Eurotanic’s Bad Assets Iceberg? – True Economics
• European Car Sales Hit Lowest Level in 20 Years – New York Times

Asia:

• When liquidity meets control in China – FT Alphaville
• Why China’s college grads, employers mismatched – Marketplace
• Abenomics for Women Undermined by Men Dominating in Japan – Bloomberg
• Chinese Banks Pressure PBOC to Ease Cash Crunch – Wall Street Journal
• China Banking Stress May Come Faster on Cash Crunch, Fitch Says – Bloomberg

Local:

• Wind power faces some tough opposition – Climate Spectator
• RBA held rates to boost non-mining economy – Wall Street Journal
• NSW FHOG working – Property Observer

Other

• Corrupted credit ratings: Standard & Poor’s lawsuit and the evidence – VOX
• Banking, Liquidity and Bank Runs in an Infinite-Horizon Economy – nber.org
• A Truce Between Monetarists and Fiscalists? – Bloomberg